Lithuania recovers 160 mln euros from shadow economy in 2019

Preliminary estimates showed that authorities in Lithuania retrieved around 160 million euros (174 million U.S. dollars) from the shadow economy in 2019, government Chancellor Algirdas Stoncaitis said on Monday.

“We will have the final figures in March,” Stoncaitis told local media following a government commission meeting on ways to tackle the shadow economy.

Stoncaitis said that this year the government will focus on the sectors of construction, medical services, car sales, catering, waste management and freight transport.

According to a survey conducted by Spinter Research last year, the shadow economy in Lithuania may be worth 23.9 percent of the country’s gross domestic product (GDP).